Cal Redwood Acquisition Corp. (NASDAQ:CRAQ) Short Interest Update

Cal Redwood Acquisition Corp. (NASDAQ:CRAQ) was the target of a large growth in short interest during the month of July. As of July 15th, there was short interest totaling 769 shares, a growth of 133.7% from the June 30th total of 329 shares. Based on an average trading volume of 3,018 shares, the days-to-cover ratio is presently 0.3 days.

Cal Redwood Acquisition Price Performance

Shares of NASDAQ CRAQ traded down $0.04 during mid-day trading on Wednesday, reaching $10.31. 6,304 shares of the company’s stock were exchanged, compared to its average volume of 38,730. Cal Redwood Acquisition has a twelve month low of $9.97 and a twelve month high of $10.35. The firm’s fifty day moving average is $10.30.

Cal Redwood Acquisition (NASDAQ:CRAQ) last posted its earnings results on Tuesday, March 31st. The company reported $0.12 earnings per share (EPS) for the quarter. The business had revenue of $2.32 million for the quarter.

Institutional Investors Weigh In On Cal Redwood Acquisition

Institutional investors have recently added to or reduced their stakes in the stock. Sona Asset Management US LLC acquired a new position in Cal Redwood Acquisition in the 1st quarter worth $3,086,000. Lineage Point Capital LP acquired a new stake in shares of Cal Redwood Acquisition in the 4th quarter valued at about $2,846,000. Alberta Investment Management Corp acquired a new stake in shares of Cal Redwood Acquisition in the 4th quarter valued at about $4,072,000. Readystate Asset Management LP bought a new stake in shares of Cal Redwood Acquisition in the fourth quarter valued at about $2,341,000. Finally, Rivernorth Capital Management LLC boosted its position in shares of Cal Redwood Acquisition by 33.6% during the fourth quarter. Rivernorth Capital Management LLC now owns 397,500 shares of the company’s stock worth $4,015,000 after buying an additional 100,000 shares during the period.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reiterated a “sell (d-)” rating on shares of Cal Redwood Acquisition in a report on Monday, July 6th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company currently has a consensus rating of “Sell”.

Cal Redwood Acquisition Company Profile

We are a blank check company incorporated on January 7, 2025 as a Cayman Islands exempted company and formed for the purpose of effecting a merger, amalgamation, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses, which we refer to throughout this prospectus as our initial business combination. We have not selected any business combination target and we have not, nor has anyone on our behalf, initiated any substantive discussions, directly or indirectly, with any business combination target.